Route Mobile Limited has announced the rescission of its earlier Employee Stock Option Plan (ESOP) resolution and approved a fresh allotment of 5,500 equity shares. The Nomination and Remuneration Committee, through a circular resolution on December 24, 2025, at 9:25 P.M. IST, rescinded the earlier resolution dated December 18, 2025, and approved the fresh allotment under the RML ESOP 2017 plan, effective December 24, 2025.

Fresh ESOP Allotment Details

The company has allotted 5,500 equity shares with a face value of ₹10.00 each under the Route Mobile Limited - Employee Stock Option Plan 2017. The allotment becomes effective upon receipt of exercise price consideration from eligible employees.

Updated Share Capital Structure

Following the fresh ESOP allotment, the company's paid-up capital has been increased with the following changes:

The distinctive numbers for the newly issued shares range from 63858604 to 63864103, with ISIN number INE450U01017 for demat issuance.

Regulatory Compliance and Exchange Approvals

Route Mobile maintains comprehensive regulatory compliance with consolidated in-principle listing approvals from both major exchanges:

BSE provided approval on October 29, 2020, for 24,84,000 equity shares, while NSE granted similar approval on October 16, 2020. The allotted shares are identical in all respects to existing shares and will rank pari passu with the company's current equity shares.

The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

Route Mobile has filed a regulatory disclosure with BSE and NSE regarding the departure of board member Mark James Reid from Proximus Group. The disclosure, submitted under Regulation 30 of SEBI Listing Regulations, confirms Reid's planned exit by the end of January 2026 to pursue career opportunities in the UK.

Official Regulatory Filing

The company's disclosure to stock exchanges provides comprehensive details about the leadership transition:

Reid's Professional Background

Mark Reid joined Proximus in May 2021, bringing extensive international experience from senior financial roles across multiple industries. His career spans positions at British Airways, Travelport, Yahoo, and Liberty Global group, with work experience in Switzerland, UK, and the US.

Strategic Contributions at Proximus

Reid played a crucial role in executing Proximus's Inspire 2022 strategy, successfully bringing domestic operations back to topline and EBITDA growth. Under the Bold 2025 strategy, he delivered consistent financial performance despite increasing market competition and significant investment requirements for Belgium's gigabit network infrastructure.

Leadership Acknowledgment

Stijn Bijnens, CEO of Proximus Group, acknowledged Reid's major contribution to the company's financial growth and health during a period of unprecedented CAPEX investment in fiber network infrastructure. The leadership praised his courage and determination in implementing the domestic divestment program and his interim CEO role at Proximus Global.

Board Continuity

Route Mobile confirmed that Reid will continue serving on the company's board until his departure from Proximus Group, ensuring governance continuity during the transition period. The company has committed to providing further updates in accordance with listing regulation provisions.